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Seeking cover under pressure
Insight 01 Mar 2022

Over the past decade, there has been a significant increase in the pace and scale of regulatory investigations and enforcement activity, including a spate of high profile royal commissions and inquiries into potential wrongdoing by institutions, companies, and their directors and officers. ...

Federal Court clears path for the OAIC to pursue its privacy proceedings against Facebook
Insight 24 Feb 2022

A full bench of the Federal Court has confirmed an earlier ruling that there was a prima facie case Facebook Inc (now Meta Platforms Inc) 'carries on a business' and collects personal information in Australia. With this decision, the Australian Information Commissioner can now proceed with the landmark case against Facebook Inc and Facebook Ireland Ltd in relation to a number of alleged breaches of the Australian Privacy Principles. ...

What the top five cybersecurity trends mean for your business in 2022
Insight 08 Feb 2022

Cybercrime continued to dominate headlines throughout 2021, with the global cost of cybercrime predicted to reach $10.5 trillion annually by 2025 . As governments continue to navigate how to best deter cyber criminals, organisations must remain vigilant in the face of increasingly sophisticated cybersecurity attacks – arising from within and outside their organisation. We look at the top five cybersecurity trends that defined 2021 and what they mean for Australian businesses in 2022 ...

Global ESG themes shaping the Australian legal outlook
Insight 01 Feb 2022

2022 will provide a practical demonstration of the appetite for ESG-led change that governments, major corporates and financial institutions all have, and how far this will feed into smaller businesses and everyday life. We explore key ESG themes shaping the legal outlook for businesses in 2022. ...

Allens advises on sale of Playground XYZ
News 23 Dec 2021

Playground XYZ is a client of Allens' Accelerate practice, which was the first dedicated startups and scaleups practice from a major law firm in Australia. 'We are delighted to have assisted the ...

Nucleus – corporate law developments: virtual meetings and e-signing lead a raft of changes coming in 2022
Insight 22 Dec 2021

After an extremely busy end to the year, we are pleased to present our snapshot of corporate law developments to the end of 2021. We wish you all the very best for the Christmas and New Year break, and look forward to bringing you further developments through Nucleus in 2022. ...

Allens advises Canopus Networks on $10 million capital raise
News 21 Dec 2021

The new funding will allow Canopus Networks to accelerate its growth and expand into 5G, gaming and international markets. 'We are delighted to have assisted Canopus on this transaction given our ...

Expansion in scope of transactions subject to FIRB approval rules
Insight 15 Dec 2021

In this Insight, we look at the changes and comment on what they mean for transactions. The changes to the SOCI Act also have operational implications for many businesses – which we will separately publish on. ...

Government sets out agenda for big changes to regulation of payments and digital assets
Insight 13 Dec 2021

The Government's response paper — 'Transforming Australia's Payments System' — addresses the recent Review of the Australian Payments System, the report of the Senate Select Committee on Australia as a Technology and Financial Centre and the Parliamentary Joint Committee Corporations and Financial Services Report on Mobile Payment and Digital Wallet Financial Services. ...

In Touch: Highest total penalty amount ever imposed under ACL; and other developments
Insight 09 Dec 2021

NAB acquisition of Citigroup Australia Pty Limited’s Aust consumer business; Turnitin LLC's acquisition of Ouriginal Group AB; Techtronic Industries Australia; JBS acquisition of Rivalea Holdings and Oxdale Dairy Enterprise; Compass Matin; Australian Institute of Professional Education Pty Ltd ...

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